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Australia's Virgin Blue: key units to be profitable

Mon Aug 18, 2008 9:41pm EDT

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SYDNEY, Aug 19 (Reuters) - Virgin Blue Holdings Ltd (VBA.AX), Australia's second-biggest airline, expects its two key business units to be profitable in the current fiscal year, Chief Executive Brett Godfrey told a briefing on Tuesday.

"Pacific Blue and Virgin Blue ... we expect those to be profitable," Godfrey said.

Virgin reported a 55 percent fall in annual profit, hurt by surging oil prices, and cut its dividend. ($1=A$1.15) (Reporting by Denny Thomas, Editing by Jonathan Standing and Mark Bendeich) ((denny.thomas@reuters.com; +61 2 9373 1812; Reuters Messaging: denny.thomas.reuters.com@reuters.net))


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